PSEC Projections Update: Same 4 Investments Carry The Company
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Summary
Same as the previous quarter, four investments are responsible for NAV growth and 'other income' needed for covering the dividend.
PSEC reported just below its base-case projections mostly due to much lower-than-expected recurring interest income partially offset by other income from NPRC and First Tower.
NAV per share increased by 4.7% due to unre…